the problem is that gold is about to go over the cliff.
so many gold bugs are literally starting to panic and they blame it on Bitcoin.
look at the angry ones; Pento and now Wenzel.
for a year and a half i've felt the anger in my gold threads. i'm used to it and i've become hardened.
but it's clearer than ever to me where this is headed.
Topic: 2013-04-03 EPJ: Wenzel Slams Tucker and Keiser over Bitcoin (Read 934 times)
The interesting thing to note about bitcoin valuation is, at any time this could've gone to zero. At least in the early days. I feel we'll be into next year and someone will pull out the "Well its still volatile and..." ... Yeah, but we've existed for nearly four full years - that's not bad for someone's crypto currency experiment.
Uh-oh.
http://www.economicpolicyjournal.com/2013/04/what-do-you-get-when-jeff-tucker-and.html
http://www.economicpolicyjournal.com/2013/04/what-do-you-get-when-jeff-tucker-and.html
Quote
What Do You Get When Jeff Tucker and Max Keiser Double Team a Promotion?
Eventual huge losses for many.
Economic genius Jeff Tucker now tells us:
You know what is becoming clear? BTC is better than gold.
Bitcoins are an interesting curiosity but they are not money. With Keiser and Tucker both pumping out nonsense about bitcoins, huge amounts of money will pour into bitcoins pushing the price much higher. It may become the mother of all pump and dump schemes. After the massive rise, will come the massive fall, which will hurt many.
Eventual huge losses for many.
Economic genius Jeff Tucker now tells us:
You know what is becoming clear? BTC is better than gold.
Bitcoins are an interesting curiosity but they are not money. With Keiser and Tucker both pumping out nonsense about bitcoins, huge amounts of money will pour into bitcoins pushing the price much higher. It may become the mother of all pump and dump schemes. After the massive rise, will come the massive fall, which will hurt many.
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